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Cable Update (GBPUSD)

  • #138,561
  • Jun 19, 2009 11:20am Jun 19, 2009 11:20am
Test 1.6518 (DP day -5), how strong it stops the bull session !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #138,562
  • Jun 19, 2009 11:22am Jun 19, 2009 11:22am
Quoting sinisabrkic
Hello

Please can you help me with your strategy I would like to learn it.

Best regards
that strategy,is not for the faint and milk at heart..better keep a doctor stand by..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #138,563
  • Jun 19, 2009 11:25am Jun 19, 2009 11:25am
Dow Jones just turned negative. We may see a pullback in cable..
  • #138,564
  • Jun 19, 2009 11:26am Jun 19, 2009 11:26am
Quoting jack.canadia
you should have closed that short in profit!1 ahh

watch those volumes jack .. we had low volume test after hop off 1.6388 on 5 min , that was sign to close shrt and go long.

There has been some very nice vsa set ups on gj and gu all morning. What a morning
Blogging daily now at www.volume.zone
  • #138,565
  • Jun 19, 2009 11:29am Jun 19, 2009 11:29am
Quoting jack.canadia
no im just watching now!

i hate losses.. even though that was a small one
I know what you mean my friend. Just my luck for it break through when I short the dam thing. I really thought that after London it would not have the momentum to break through, but oh well .............. try again next week. Have a good weekend mate.
You've got to be IN IT to WIN IT!
  • #138,566
  • Jun 19, 2009 11:33am Jun 19, 2009 11:33am
I'm looking at the same chart wormboy but long. I have to go with continuation of the trend after this triangle, and our traders are net short according to SSI so that's my confirmation to stay long. Keep in mind I'm holding this for the next week...I like to sleep at night.

Quoting wormboy
Last Friday's post : http://www.forexfactory.com/showpost...stcount=136987

If I was only as good as making money as I am predicting ...
This week cable went nowhere except how my mate forexlion put it - updown updown updown & back to square one. Ranging market is my kryptonite. Much respect & kudos to those who scalped the crap outta her this week

Now, where's Tony, we're buying each other a pint.
Good luck fellas.
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  • #138,567
  • Jun 19, 2009 11:34am Jun 19, 2009 11:34am
Quoting malcolmb14
watch those volumes jack .. we had low volume test after hop off 1.6388 on 5 min , that was sign to close shrt and go long.

There has been some very nice vsa set ups on gj and gu all morning. What a morning
look at those volume and bar spread very well bro..i think they say a total different thing..though i see contracting bearish volume..The glass is not have full nor have empty..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #138,568
  • Jun 19, 2009 11:36am Jun 19, 2009 11:36am
I see a small bounce from 6480 possibly .. off the daily R1 and prior resistance from earlier
  • #138,569
  • Jun 19, 2009 11:38am Jun 19, 2009 11:38am
Quoting jack.canadia
I see a small bounce from 6480 possibly .. off the daily R1 and prior resistance from earlier
chart
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  • #138,570
  • Jun 19, 2009 11:39am Jun 19, 2009 11:39am
Quoting jack.canadia
I see a small bounce from 6480 possibly .. off the daily R1 and prior resistance from earlier
I am with you on that Jack! Closed my short here!
Hero Traders Live to see their Accounts Die!
  • #138,571
  • Jun 19, 2009 11:39am Jun 19, 2009 11:39am
Quoting malcolmb14
watch those volumes jack .. we had low volume test after hop off 1.6388 on 5 min , that was sign to close shrt and go long.

There has been some very nice vsa set ups on gj and gu all morning. What a morning
Nice .. now that that upper TL is broken I'll look to long.
  • #138,572
  • Jun 19, 2009 11:43am Jun 19, 2009 11:43am
@38.2% ~ 1.6320 target? mmm....
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  • #138,573
  • Jun 19, 2009 11:45am Jun 19, 2009 11:45am
Anyone in here feel we may come near the daily R2 just above 6600? It's a long shot but I wouldn't discount it .. You volumes guys plese respond!

I doubted VSA with fx because the MT4 volume it just tick volume .. but you;re showing that it works. Keep it up!
  • #138,574
  • Jun 19, 2009 11:47am Jun 19, 2009 11:47am
Quoting sycho
look at those volume and bar spread very well bro..i think they say a total different thing..though i see contracting bearish volume..The glass is not have full nor have empty..HOLLA
CAPTAIN Sycho..

what tim frame you on ? I trade 5 min .

I am vsa freak .. been hitting trades out the park all week ... been an insane week.

We had lengthy discussions yesterday as to why we woud see 1.6500 test today , most were still bearish , I was long off 6300. Very easy to see the accumulation for move up

now after the 140 pip move up on a low vol test signal we see upthrust on 15 min into 1.6550. Stopped dead and reversed . This can be seen even better on 5 min chart .. gave us another clear sell signal 5 min for 50 pip down move .

gj has also been giving really good vsa set ups all morning.

got a little more on gj than I did gu ...180 pip gu .. you do the math ! gj was slighyl harder work trading a range 158.5 to 156 , 1st trade was off 159.25

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Blogging daily now at www.volume.zone
  • #138,575
  • Jun 19, 2009 11:47am Jun 19, 2009 11:47am
Quoting jack.canadia
Anyone in here feel we may come near the daily R2 just above 6600? It's a long shot but I wouldn't discount it .. You volumes guys plese respond!

I doubted VSA with fx because the MT4 volume it just tick volume .. but you;re showing that it works. Keep it up!
My opinion yesss.. there's no US data to hold it back.
  • #138,576
  • Jun 19, 2009 11:51am Jun 19, 2009 11:51am
Quoting jack.canadia
Anyone in here feel we may come near the daily R2 just above 6600? It's a long shot but I wouldn't discount it .. You volumes guys plese respond!

I doubted VSA with fx because the MT4 volume it just tick volume .. but you;re showing that it works. Keep it up!

I am looking at 1.6620!
Hero Traders Live to see their Accounts Die!
  • #138,577
  • Jun 19, 2009 11:51am Jun 19, 2009 11:51am
Quoting Jason Rogers
I'm looking at the same chart wormboy but long. I have to go with continuation of the trend after this triangle, and our traders are net short according to SSI so that's my confirmation to stay long. Keep in mind I'm holding this for the next week...I like to sleep at night.
Cheers Jason. I'll be buying if price close above 6600, which I believe should be well above the triangle. But until I see it, my bias remains unchanged.

Good luck to you
Thank You
  • #138,578
  • Jun 19, 2009 11:54am Jun 19, 2009 11:54am
Quoting jack.canadia
Anyone in here feel we may come near the daily R2 just above 6600? It's a long shot but I wouldn't discount it .. You volumes guys plese respond!

I doubted VSA with fx because the MT4 volume it just tick volume .. but you;re showing that it works. Keep it up!

do not know jack ... cannot get good read on 1 hour right now . Price is above upper value area yesterday and is bullish for today . i will give you all vlaue area reading for sunday / monday after day closes today so you can plot them on your charts
Blogging daily now at www.volume.zone
  • #138,579
  • Jun 19, 2009 11:54am Jun 19, 2009 11:54am
Im out guys. Tapping out on a good week!

See you all on sunday!
  • #138,580
  • Jun 19, 2009 11:55am Jun 19, 2009 11:55am
Quoting malcolmb14
do not know jack ... cannot get good read on 1 hour right now . Price is above upper value area yesterday and is bullish for today . i will give you all vlaue area reading for sunday / monday after day closes today so you can plot them on your charts
Thx bro .. cheers.
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